Nextsource Materials Inc. would like to inform investors that a new corporate presentation is now available on its website at www.nextsourcematerials.com that contains current information on the Company's activities regarding its 100%-owned and fully permitted Molo Graphite Project in southern Madagascar. NextSource announced on September 27th the robust results of its 2019 Feasibility Study , which outlines a phased [...]
HIGHLIGHTS: The 2019 Feasibility Study outlines a phased development approach with Phase 1 producing 17,000 tonnes per annum over the first two years of production and Phase 2 producing a total of 45,000 tpa by year 3. Over the modelled life of mine , the production plants will have a pre-tax internal rate of return of 43.1%, and a post-tax IRR of 36.2%. The pre-tax Net Present Value at 8% discount rate will be US$237.1M [...]
Nextsource Materials Inc. , is pleased to announce that it has received its Global Environmental Permit for the Molo Graphite Project from the Madagascar Ministry of Environment’s Office National pour l'Environnement . With this latest announcement, and the announcement on February 15, 2019 that NextSource had received its 40-year Mining Permit, the Company has now secured the two most important permits for its Molo [...]
Nextsource Materials Inc. announces it has completed a non-brokered private placement offering of 16,086,426 common shares at a price of CAD$0.11 per share for gross proceeds of CAD$1,769,507. The net proceeds from the Offering will be used to deploy the Company’s operational-readiness team in Madagascar, which will begin preparations in anticipation of the Company’s financing and construction of the Molo [...]
HIGHLIGHTS: The Madagascar Government has granted a 40-year Mining License for the Molo Graphite Project Detailed Engineering and Front End Engineering and Design are complete Nextsource Materials Inc. , is pleased to announce that the Madagascar Government has granted a 40-year mining license for the Molo Graphite Project. The mining license does not limit mining to any specific volume, so the Company will be able to [...]
Nextsource Materials Inc. , is pleased to announce that it has received conditional approval for its Global Environmental Permit for the Molo Graphite Project from the Madagascar Ministry of Environment’s Office National pour l'Environnement . The Global Environmental Permit will be granted to NextSource upon receiving its Mining Permit. The Global Environmental Permit was conditionally approved by the ONE based on [...]
Nextsource Materials Inc. , is pleased to announce the results of the Annual and Special Meeting of Shareholders held in Toronto, Ontario, Canada on December 4, 2018. As of the October 18, 2018, the record date for the Meeting, there were 491,330,595 common shares of the Company outstanding and entitled to vote at the Meeting. Of this amount, there were 241,327,497 common shares represented in person or by proxy at the [...]
NEWS RELEASE – Nextsource Materials Inc. , is pleased to announce the appointment of Mr. Brett Whalen, CFA as the Company’s exclusive Mergers and Acquisitions advisor. Mr. Whalen has over 18 years of investment banking and M&A expertise, spending 16 of those years at Dundee Corporation where he was most recently Vice President and Portfolio Manager. During his tenure at Dundee Corp., Mr. Whalen was involved in [...]
Adds to Trademark Registrations in Japan and European Union Nextsource Materials Inc. , is pleased to announce that it has successfully registered SuperFlake® as a trademark in South Korea. The registration of the SuperFlake® trademark means that NextSource now has the exclusive right to use this trademark on all natural graphite sold in South Korea that it produces from its feasibility-stage Molo Graphite Project [...]
HIGHLIGHTS Ten year binding Offtake Agreement signed with a prominent Japanese Graphite Trading Company to purchase 20,000 tonnes per annum of Molo SuperFlake® graphite for use in battery anode applications for electrical vehicles . The Japanese Partner is a major supplier of flake graphite to Japan’s largest battery processor and manufacturer of graphite anode material in lithium ion batteries for electric [...]
Nextsource Materials Inc. announces it has completed a non-brokered private placement offering of 21,659,270 units at a price of CAD$0.07 per Unit for gross proceeds of CAD$1,474,149. The Offering received substantial support from existing shareholders of the Company and included participation by management and directors of NextSource. Each Unit consists of one common share of the Company and one-half common share [...]
TORONTO, June 12, 2018 -- Nextsource Materials Inc. announces that its long held,100%-owned Sagar Property in the Romanet Horst/Labrador Trough region of Quebec, Canada has received renewed attention due to it hosting significant cobalt mineralization. This development provides NextSource with the advantageous position of having now a third strategic battery material in its portfolio, adding to its advanced graphite and [...]
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